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Why Pay For Pre Foreclosure Lists?
from:There are hundreds if not thousands of free pre foreclosure lists, so why bother to pay for pre foreclosure lists that provide the same information? Believe it or not it may actually save you money to pay to belong to a website that allows you to view pre foreclosure lists, rather than to use the free sites. The following reasons are the key factors in why paid pre foreclosure lists are ideally suited to serious investors.
Time IS Money
In the investment and real estate world this is absolutely true. The time that it takes to browse through the hundreds of thousands of pre foreclosure lists on the internet is time that you could be spending contacting home owners, surveying areas and neighborhoods and putting together offers and information. The more serious of an investor you are the more critical time is when you are juggling multiple deals at the same time. Using free pre foreclosure lists may be cost saving money wise, but if you factor in your hourly rate you will definitely be losing money each minute you spend at your computer looking through lists that might not have one property of interest to you.
Research and Tracking
While most of the free lists will provide information on the physical address of the property, many don't include pictures, specific information on the property, comparable sales figures and even the homeowner and lender contact information. If you don't have this information, you will again need to take your own time or more likely hire someone else to do this research for you.
The Early Bird Gets The Worm
When pre foreclosure properties are put on lists, there is a huge interest in the property generated by those using the lists. The faster that you can contact the homeowner and the lender the faster you can present the bid on the property for the sale. If you can directly access all the information that you need on the paid site, you are far ahead of the group of investors that is trying to save a few dollars by doing the research on their own.
Finding Just What You Want
The paid pre foreclosure lists all offer the option of notifying you when a property matching your search criteria is placed on the list. This can help you in saving both time and energy as you can really fine tune the search criteria based on price, age of the home, market value, location and other specific criteria.
Avoid Junk Mail
Free sites are paid for by advertisers; so you will have to provide some type of email address to access the site. Once you do that you are giving permission for advertisers to contact you in exchange for the use of the free listings. Paid sites don't have this same need for income from advertisers, so you will typically avoid all the junk mail associated with using the free sites.
Pre Foreclosure Consultant News
Fed Publishes New Set Of Foreclosure-Review Documents - Fox Business
Fed Publishes New Set Of Foreclosure-Review Documents Fox Business HK), as well as a legal agreement between Ally Financial Inc. and the independent consultant the company retained to review its foreclosure process. The Fed also published an agreement with Ally on its foreclosure review that was made necessary by the ... |
Regulator Halts Work Of Consulting Firm On Foreclosure Review - Wall Street Journal
Regulator Halts Work Of Consulting Firm On Foreclosure Review Wall Street Journal By Alan Zibel Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A US banking regulator on Friday halted the work of a consulting firm hired to review foreclosure documents as part of a comprehensive review of banks' foreclosure practices. OCC Removes Allonhill From Independent Foreclosure Reviews |
Bank Regulator Halts Work of Foreclosure-Review Consultant - Wall Street Journal (blog)
Bank Regulator Halts Work of Foreclosure-Review Consultant Wall Street Journal (blog) By Alan Zibel A US banking regulator on Friday halted the work of a consulting firm hired to review foreclosure documents as part of a comprehensive review of bank foreclosure practices. The Office of the Comptroller of the Currency said Allonhill LLC ... OCC Removes Allonhill From Independent Foreclosure Reviews Allonhill dropped as OCC consultant |
Hollister bishop admits to foreclosure fraud - Gilroy Dispatch
Hollister bishop admits to foreclosure fraud Gilroy Dispatch A San Juan Bautista man and Hollister church bishop has pleaded guilty to felony foreclosure fraud in connection with his work as a foreclosure consultant in 2005 and 2006 and the cases of three families who lost their homes, according to the Santa ... Milpitas, San Jose Victims Lose Homes to Real Estate Scammer DA: Man pleads guilty to cheating three South Bay families out of $650000 |
House Prices Not at Bottom in Regional Markets, Regulator Says - Bloomberg
 eCreditDaily.com | House Prices Not at Bottom in Regional Markets, Regulator Says Bloomberg The regulator of US national banks, along with other federal agencies, settled with 14 of the largest mortgage servicers a year ago, requiring the firms to clean up foreclosure practices. The servicers also had to hire independent consultants to see ... Foreclosure Review Effort Draws Only 4% of 4M Borrowers |